Premier Energies Boosts Solar Cell Production with New 400 MW Telangana Facility

• Premier Energies has commissioned a new 400 MW solar cell manufacturing facility in E City, Maheeshwaram, Telangana.
• This expansion increases the company's solar cell manufacturing capacity from 3.2 GW to 3.6 GW.
• The Hyderabad-based firm aims to significantly expand its solar cell and module manufacturing capacities to 10.6 GW and 11.1 GW respectively by 2028.
• Premier Energies is investing Rs 11,000 crore for this expansion, funded by an IPO, debt from IREDA, and internal accruals.
• The company plans to enter ingot and wafer production to become an integrated renewable energy equipment manufacturer, reducing import dependence.

Why It Matters: Premier Energies expands solar cell manufacturing in Telangana, aiming for significant capacity growth and integration.